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    518 W Sunset Dr Johnson City, TX 78636

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    518 W Sunset Dr Johnson City, TX 78636

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    • Commercial real estate
    • 5.45 lot acres
    For Sale
    $545,000
    View Listing →
    Acreage in Gated Community For Sale
    $545,000
    5.45 Acres

    Acreage in Gated Community

    5.45 acre lot with views and community amenities.

    518 W Sunset Dr, Johnson City, TX 78636
    View Listing
    Property ID
    US82-7157000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 518 W Sunset Dr

    Lot size
    5.45 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.45-acre commercial lot, located at 518 Sunset in Johnson City, Texas (zip code 78636), presents a unique investment opportunity. Situated within the gated community of The Preserve at Walnut Springs, this property boasts unparalleled 360-degree views of the rolling Texas Hill Country from its elevated position of over 1,800 feet, one of the highest points in Blanco County. The lot offers a level building site, ideal for development, and is relatively open with mature oak trees scattered throughout. The Preserve at Walnut Springs is a pristine 2,000-acre ranch featuring an array of amenities including six ponds, two natural springs, a spring-fed swimming hole, and 22 miles of hiking, biking, and horseback riding trails. Community amenities also include a community-wide agricultural exemption, an on-site concierge service, a clubhouse, a swimming pool, tennis courts, a sports court, a putting green, and an equestrian center complete with stalls and a covered arena. The property's convenient location near Johnson City provides easy access to local services and attractions. This is an exceptional opportunity to acquire a substantial commercial lot in a highly desirable and amenity-rich community. The asking price for this remarkable property is $545,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Blanco
    State
    Texas
    Longitude
    -98.4810624
    Latitude
    30.2112512

    Comparable in this City

    • $324,900
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      Texas Hill Country Homesite

      6-acre lot in gated community near Dripping Springs.
      413 E Flying Owl Dr, Johnson City, TX 78636
      View Details
    • $599,000
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      Texas Hill Country Land Parcel

      25+/- acre property near Johnson City, ideal for residential development.
      997 Sandy Oaks Ranch Rd, Johnson City, TX 78636
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    • $3,107,200
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      Undeveloped Land in Growing Area

      31.72 acre ranch with highway frontage, development potential.
      N Us Highway 281, Johnson City, TX 78636
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    • $369,000
      10.01 Acres

      10 Acres in Blanco County

      Raw land with Hill Country views near Johnson City.
      1422-8 Rd 2766, Johnson City, TX 78636
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    • $459,000
      6.50 Acres

      6.5 Acres in Gated Community

      Private 6.5-acre lot in The Preserve at Walnut Springs.
      1198 N Walnut Spg Rd, Johnson City, TX 78636
      View Details
    • $339,000
      10.00 Acres

      Johnson City Rural Subdivision Land

      10 acre land for sale in Johnson City, Texas.
      1422-13 -- Fm 2766, Johnson City, TX 78636
      View Details

    Similar Nearby for Sale

    • $324,900
      6.02 Acres

      Texas Hill Country Homesite

      6-acre lot in gated community near Dripping Springs.
      413 E Flying Owl Dr, Johnson City, TX 78636
      View Details
    • $599,000
      25.10 Acres

      Texas Hill Country Land Parcel

      25+/- acre property near Johnson City, ideal for residential development.
      997 Sandy Oaks Ranch Rd, Johnson City, TX 78636
      View Details
    • $3,107,200
      31.72 Acres

      Undeveloped Land in Growing Area

      31.72 acre ranch with highway frontage, development potential.
      N Us Highway 281, Johnson City, TX 78636
      View Details
    • $369,000
      10.01 Acres

      10 Acres in Blanco County

      Raw land with Hill Country views near Johnson City.
      1422-8 Rd 2766, Johnson City, TX 78636
      View Details
    • $459,000
      6.50 Acres

      6.5 Acres in Gated Community

      Private 6.5-acre lot in The Preserve at Walnut Springs.
      1198 N Walnut Spg Rd, Johnson City, TX 78636
      View Details
    • $339,000
      10.00 Acres

      Johnson City Rural Subdivision Land

      10 acre land for sale in Johnson City, Texas.
      1422-13 -- Fm 2766, Johnson City, TX 78636
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Growing City

      Office unit suitable for professional services in Johnson City.
      603 Us Highway 281, Johnson City, TX 78636
      View Details
    • Contact for pricing

      Restaurant Space Available For Rent

      Restaurant space with ADA compliant restroom available for rent.
      103 N Nugent Ave, Johnson City, TX 78636
      View Details
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    Johnson City, TX 78636
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    518 W Sunset Dr, Johnson City, TX, 78636

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